2014 Lincoln MKZ Insurance Cost – 6 Tricks for Best Prices

If price shopping car insurance quotes online is new to you, by this point your are probably overwhelmed by the vast assortment of online insurance coverage companies and websites who all claim to have the lowest rates.

It’s a great practice to take a look at other company’s rates as often as possible since prices change frequently. If you had the best price on MKZ insurance last year you may be paying too much now. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to the only way to find great coverage at a great price.

Use discounts to get cheaper car insurance rates

Some insurance providers don’t list every disount available in a way that’s easy to find, so below is a list both well-publicized and also the lesser-known discounts you could be receiving when you buy car insurance online.

• More Vehicles More Savings – Buying insurance for several vehicles with the same company can get a discount on all vehicles.
• Senior Citizen Discount – If you qualify as a senior citizen, you can get a discount up to 10% on MKZ insurance.
• Discount for Swiching Early – Select car insurance companies give a discount for renewing your policy prior to your current policy expiring. You can save around 10% with this discount.
• Discount for Good Grades – Excelling in school can get you a discount of up to 25%. Most companies allow this discount up to age 25.
• Student Driver Training – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class if offered at their school.
• Membership in Organizations – Affiliation with qualifying employment or professional organizations can get you a small discount on car insurance.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the entire policy premium. Most only cut individual premiums such as collision or personal injury protection. Despite the fact that it seems like you would end up receiving a 100% discount, car insurance companies aren’t that generous.

For a list of companies that provide some of the discounts listed above, click this link.

Tailor your insurance coverage to you

When buying the right insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.

For example, these questions might help in determining whether your personal situation might need an agent’s assistance.

• Does medical payments coverage apply to all occupants?
• Does coverage extend to a rental car in a foreign country?
• Am I covered if I hit my neighbor’s mailbox?
• Is my state a no-fault state?
• What is an SR-22 filing?
• How many claims can I have before being cancelled?
• Do I need more liability coverage?
• What is medical payments coverage?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Specifics of your auto insurance policy

Having a good grasp of your auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Medical expense coverage

Coverage for medical payments and/or PIP pay for immediate expenses such as pain medications, chiropractic care, funeral costs and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance provides protection from damage or injury you incur to a person or their property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like medical services, repair costs for stationary objects, repair bills for other people’s vehicles, court costs and attorney fees. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Auto collision coverage

Collision coverage pays for damage to your MKZ resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as crashing into a ditch, damaging your car on a curb, hitting a mailbox and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive protection

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from a tornado or hurricane, a tree branch falling on your vehicle, hitting a deer and damage from flooding. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as damage to your Lincoln MKZ.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are set the same as your liablity limits.

More effort can pay off

People leave their current company for any number of reasons including being labeled a high risk driver, policy cancellation, not issuing a premium refund or even lack of trust in their agent. Regardless of your reason for switching companies, finding the right insurance coverage provider is pretty easy and you might even save some money in the process.

Budget-conscious 2014 Lincoln MKZ insurance can be bought on the web and from local agencies, so you should be comparing quotes from both to get a complete price analysis. Some insurance coverage companies do not offer online price quotes and most of the time these regional insurance providers only sell coverage through independent insurance agents.

When getting car insurance quotes online, you should never buy poor coverage just to save money. There have been many situations where someone sacrificed full coverage to discover at claim time that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.

Even more information is available in the articles below:

• Choosing a Car for Your Teen (State Farm)
• Young Drivers: The High Risk Years Video (iihs.org)
• Distracted Driving (Insurance Information Insitute)
• Teen Driver Licensing Information (iihs.org)
• Anti-Lock Brake FAQ (iihs.org)
• Smart Auto Insurance Tips (Insurance Information Insitute)